Tag: Estate Plan
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Think About Practical Planning for Your College-Bound Kid’s Health
The last thing a parent thinks about college planning is their college-bound kid’s health. As children leave the nest, it’s easy to overlook a crucial legal change–they are legal adults. The magic age of 18 opens a new world of challenges from entering the workforce or going to pursue a college degree. It is important…
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Intestate Succession – The Decider of Inheritance Without a Will
Intestate succession is how a court determines how your estate is distributed when you have no valid Will. Having a valid Will is called testate, while not have a Will is called intestate. The rules governing intestate succession vary by state. In Indiana, these rules are found in the Indiana Probate Code (Ind. Code §…
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Power of Attorney vs. Guardianship – What’s the Difference?
If you have been given power of attorney or appointed as a guardian for someone, you have important responsibilities. Both roles mean that you must act in the best interests of the other person. When you have these responsibilities, you are called a fiduciary, and the tasks you must do are called fiduciary duties. As…
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The Invincibility Myth – Young Adults & Planning for the Unexpected
“It couldn’t possibly happen to me.” Invincibility. This subconscious thought sits in the back of our minds every day. You hear stories of drunk drivers wrecking a vehicle, homeowners falling from a ladder and landing in just the wrong way to cause a hospital visit, or sudden severe illnesses drastically changing the lives of seemingly…